All the headlines from our Philippines Topic Page, ordered by recency.
Nov 2 2009 // Typhoon Mirinae has battered the Philippine capital and surrounding provinces, still reeling from recent flooding, killing at least 14 people [IJ Note — later reports have increased the death toll to 24] and...
Oct 30 2009 // According to catastrophe risk modeling firm AIR Worldwide, a major tropical cyclone is threatening the northern Philippines for the fourth time in the past month.AIR rported that Typhoon Mirinae is expected to make...
Oct 21 2009 // Catastrophe risk modeling firm AIR Worldwide warns that the Philippines are bracing for the arrival of Typhoon Lupit. The storm is located about 800 kms (500 miles) east of northern Luzon island and is moving west at...
Oct 19 2009 // The Philippines, already devastated by deadly floods from two recent tropical cyclones, is bracing for yet a third storm, as typhoon Lupit approaches the island chain.The most recent bulletin from catastrophe modeler Risk...
Oct 6 2009 // Tropical storm Parma stalled for two days off northwestern Philippines, was slowly heading toward the country’s tobacco-producing region on Tuesday, after killing at least 22 people.Right behind it is Typhoon Melor,...
Jan 9 2009 // When it comes to corporate fraud scandals, nowhere is safe.Revelations of a $1 billion fraud at Indian IT firm Satyam Computer Services do not point to a higher systemic risk of accounting scandals in India, or even in...
Nov 19 2008 // In high seas and heavy rain, the supertanker Kasagisan was steaming through the Malacca Strait in February when it was suddenly surrounded by six small boats. The crew of the vessel, heading from Saudi Arabia to Japan with...
Mar 19 2008 // Insurance companies have agreed to pay $165 million (euro104.63 million) to settle lawsuits brought by relatives of those killed in a 2000 plane crash in the Philippines, lawyers for the families said.The families of about...
Jul 5 2007 // The Hong Kong office of Standard & Poor’s Ratings Services has issued a report affirming the stable outlook on most of the insurance markets in the Asia-Pacific region. “They reflect strengthening balance...
Jan 30 2007 // A.M. Best Co. has affirmed the financial strength rating of “B++” (Good) and the issuer credit rating of “bbb” of the Philippine-based Malayan Insurance Company Inc. (MICO) with a stable...
Aug 11 2006 // The most powerful typhoon to hit China in five decades raged across its southeastern coast Thursday, claiming at least 83 lives as it capsized ships, destroyed buildings and forced 1.5 million people from their...
Jan 9 2006 // A.M. Best Co. has affirmed the financial strength rating (FSR) of B++ (Very Good) and assigned an issuer credit rating (ICR) of “bbb” to Malayan Insurance Company Inc. (MICO) (Philippines). The outlook on both...
Jan 6 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating (FSR) of “B++” (Very Good) and assigned an issuer credit rating (ICR) of “bbb” to Malayan Insurance Company, Inc. (MICO)...
Apr 7 2005 // A.M. Best Co. has assigned a financial strength rating of B++ (Very Good) to Malayan Insurance Company Inc. (MICO) (Philippines). The outlook is stable.The rating reflects MICO’s excellent capitalization, leading...
Dec 9 2004 // Standard & Poor’s Ratings Services announced that it has withdrawn its “Bpi” issuer credit rating and financial strength rating on Universal Malayan Reinsurance Corp. (UMRE). “The withdrawal is...
Nov 4 2003 // Zurich Financial Services Group announced that it has signed an agreement for the sale of its wholly owned Non-life subsidiary in the Philippines, Zurich General Insurance Philippines, Inc., to Standard Insurance Company,...
Jun 30 2003 // Eduardo Rodriguez, 61, a former governor of Quezon Province in the Philippines, was held to answer on multiple charges, including reportedly faking the deaths of his mother-in-law and wife to illegally collect more than...
Nov 26 2002 // AIR Worldwide Corporation (AIR), one of the leading providers in catastrophe modeling and weather risk management, announced the release of new typhoon and earthquake models for the Asia-Pacific region.“The new...
Aug 23 2002 // California-based Risk Management Solutions (RMS) has expanded its catastrophe modeling capabilities to include windstorm risk in Ireland and Sweden, and earthquake risk in Turkey and the Philippines. The expansion brings...
Sep 28 2001 // A husband and wife who were charged with insurance fraud by the Los Angeles County District Attorney’s Office in 1985 were arrested earlier this month after being fugitives for nearly 16 years.Imelda and Eduardo...